NXP Semiconductors (NASDAQ:NXPI) Director Anthony Foxx Sells 400 Shares of Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) Director Anthony Foxx sold 400 shares of NXP Semiconductors stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total transaction of $105,440.00. Following the completion of the sale, the director directly owned 2,942 shares in the company, valued at $775,511.20. This represents a 11.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $244.43 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. The firm has a fifty day moving average of $235.65 and a 200 day moving average of $246.45. The firm has a market cap of $61.61 billion, a PE ratio of 19.22, a PEG ratio of 0.90 and a beta of 1.83. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm posted $3.11 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors declared that its board has authorized a stock repurchase program on Tuesday, October 27th that authorizes the company to repurchase $5 billion in outstanding shares. This buyback authorization authorizes the semiconductor provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 31.84%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a report on Thursday, October 29th. Sanford C. Bernstein reiterated a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a report on Monday, October 26th. Mizuho decreased their target price on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently modified their holdings of NXPI. Eurizon Capital SGR S.p.A. purchased a new position in shares of NXP Semiconductors during the third quarter worth about $185,059,000. Nikulski Financial Inc. purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $206,000. CENTRAL TRUST Co purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $92,000. Fifth Third Bancorp lifted its holdings in shares of NXP Semiconductors by 16.7% in the 3rd quarter. Fifth Third Bancorp now owns 19,619 shares of the semiconductor provider’s stock valued at $4,660,000 after purchasing an additional 2,801 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $298,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.